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Thursday, November 7, 2024

2023 sees Cattaraugus County investing $5,246,527 in men’s basketball teams

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Jeff Gingerich, Ph.D., President | St Bonaventure University

Jeff Gingerich, Ph.D., President | St Bonaventure University

Cattaraugus County spent $5,246,527 on men’s collegiate basketball teams in 2023, representing a 23.8% increase from the previous year, according to the U.S. Department of Education.

Overall, basketball teams in the county received a total of $7,460,767, with the men’s team receiving $5,246,527.

Since 2010, the average sports expenses in Cattaraugus County have grown 148.6%.

Basketball is one of the most popular sports played at U.S. colleges, as well as football. NCAA basketball teams are often as popular as NBA teams, and offer a different experience for fans.

In 2022, after a decades-long fight, student-athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

The basketball fund received around 168.57 million dollars from NCAA revenue in 2020–21.

Men’s Basketball Team's Expenditures of Cattaraugus County Over Last 5 Years
YearBasketball team's expenditures% from grand total sport team expendituresTotal Sport Team Expenditures
2023$5,246,52728.4%$18,490,403
2022$4,239,34225.9%$16,370,515
2021$2,991,84523.2%$12,875,298
2020$3,850,36226%$14,790,982
2019$3,832,10527.3%$14,020,802

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